Trust registration is the legal process of forming a trust under the Indian Trusts Act, 1882 for private trusts, or under relevant state laws for public charitable trusts. A trust is created when the owner (author or settlor) transfers property to a trustee for the benefit of a third party (beneficiary). To register a trust, a trust deed is drafted detailing its objectives, rules, and mode of operation. This deed must be executed on non-judicial stamp paper and registered with the local Sub-Registrar Office. Trusts can be formed for charitable, religious, or private purposes and may also apply for tax exemptions under sections like 12A and 80G of the Income Tax Act.
Conclusion
Trust registration provides legal recognition and structure to philanthropic and charitable efforts. It ensures transparency, accountability, and eligibility for tax benefits, enabling the trust to operate effectively while gaining credibility among donors, beneficiaries, and regulatory authorities.